BC Partners on verge of acquiring Springer Science


book pages paper_sqA Springer Science IPO now appears to be an unlikely prospect with media reports saying that private equity firm BC Partners is on the verge of sealing the deal.

BC Partners, which is reportedly the last remaining bidder for the business, has offered more than €3bn to owners EQT and state-backed Singapore Investment Corp (GIC), said Reuters, citing two people familiar with the negotiations.

The owners have agreed to lower their asking price of €3.5bn, while BC Partners is reluctant to offer more than €3.15bn.

“BC Partners absolutely wants Springer Science,” said one of the people.

Earlier this month it was reported that Springer Science was looking to raise close to €760m though its previously announced IPO on the Frankfurt Stock Exchange.

EQT and GIC bought stakes of 82 per cent and 18 per cent respectively for €2.3bn in December 2009. They were initially looking to sell the company of up to €4bn.

This week EQT announced a change to its governance structure following the decision to manage all funds established 2012 and onwards onshore in Europe.

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